From Theage.com.au: The Government is considering locking in US-style tax breaks for overseas sovereign wealth funds as part of an effort to attract a greater share of the $US3.8 trillion ($A4.2 trillion) commanded by the funds globally.

The proposal was one of several in a consultation paper into the tax treatment of investments by the government-controlled funds, which are projected to reach $US10 trillion in the next five years…………………………….Full Article: Source

From Macauhub.com.mo: The Angolan government is studying the possibility of setting up a sovereign fund similar to that of Norway to manage oil revenues, Norwegian newspaper Aftenposten reported Friday.

The newspaper added that the Angolan government planned to have the fund in operation this year and that the issue was discussed during the visit that the Norwegian Foreign Affairs Minister, Jonas Gahr Stoere carried out to Luanda Thursday…………………………….Full Article: Source

From Bloomberg: Dubai World’s debt reorganization is unlikely to hurt sovereign credit ratings of the United Arab Emirates and Abu Dhabi since assets at that sheikhdom’s wealth fund exceed the country’s debt, Moody’s Investors Service said.

The Abu Dhabi Investment Authority, the emirate’s sovereign wealth fund, has assets amounting to more than twice the value of the sheikhdom’s economic output, Moody’s said today, citing “verbal assurances” from the government this month…………………………….Full Article: Source

From Independent: The Dubai government will not guarantee the liabilities of its precariously indebted Dubai World holding company, leaving creditors to face “short-term pain” that could run into the billions of dollars.

Last week’s request for a six-month standstill agreement on a $3.5bn (£2.1bn) tranche of Dubai World’s $59bn debt sent shockwaves through world stock markets…………………………….Full Article: Source

From Business24-7.ae: Dubai World is a commercial entity and the debt it has raised was issued on commercial terms and has never been guaranteed by the government, a senior official clarified, reacting to confusion among the media over the status of the company’s debt.

He said the global media is inaccurately linking the sovereign debt of the Government of Dubai with the commercial debt of Dubai World…………………………….Full Article: Source

From Time.com: A glance at the $600 billion-plus balance sheet of Abu Dhabi’s sovereign wealth fund puts Dubai’s debt crisis in a softer light.
And, as far as Dubai’s leaders are concerned, the problem is largely limited to egregious over-borrowing by one company in one sector, Nakheel, the Dubai World subsidiary behind huge property projects like The Palm and The World, built on injected sand off the Gulf coast…………………………….Full Article: Source

From WSJ: Recently, Abu Dhabi has accelerated its buying in a strategy unique among the world’s handful of so-called sovereign-wealth funds.
Government-linked entities have invested billions in blue-chip companies the world over, setting up related joint ventures and seeking out management roles with the aim of luring industries such as chemicals, semiconductors and aviation to its quickly growing city-state in the desert…………………………….Full Article: Source